The project will have 40% financial support from NHAI. The debt component is estimated to be 48% of the project cost; and as sponsor, the balance will be funded by WEL (apart from the equity of MBL). WEL is in the process of completing documentations for financial closure and appointed date is expected to be announced by NHAI by the end of July 2017. The EPC contract will be executed by WEL.